Geophysical studies begin in Azeri-Chirag-Guneshli project

Oil&Gas Materials 10 January 2012 13:31 (UTC +04:00)

Azerbaijan, Baku, Jan.10 /Trend, E. Ismayilov /

The Caspian Geophysical Company has launched a four-dimensional geophysical study on the East Azeri field, part of the block of the Azeri-Chirag-Guneshli (ACG), oil and gas fields in the Azerbaijani sector of the Caspian Sea, a source in oil and gas market told Trend on Tuesday.

The contract to develop the major offshore field Azeri-Chirag-Guneshli was signed in 1994. Under this contract, Caspian Geophysical will work on the area from the specially kitted out geophysical vessel Gilavar. According to the source, operations on the East Azeri field are scheduled to be completed early February 2012.

ACG participating interests are: BP (operator - 35.78 per cent), SOCAR (11.65 per cent), Chevron (11.27 per cent), INPEX (10.96 per cent), Statoil (8.56 per cent), ExxonMobil (8 per cent), TPAO (6.75 per cent), ITOCHU (4.3 per cent) and Hess (2.72 per cent).